News
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BRANCH BANKING |
17 hours 39 min ago
A leading Singapore bank raises the issue that some Indian taxes restrict the growth of branch banking in India. Read ››
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BRANCH BANKING |
07 Feb 12
VietinBank offically opened a branch in the Lao People’s Democratic Republic. Read ››
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BANKING TECHNOLOGY |
07 Feb 12
New software even plans out more efficient truck delivery routes. Read ››
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FOREIGN EXCHANGE |
07 Feb 12
Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai government and central bank debt securities with it. Read ››
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RETAIL BANKING |
07 Feb 12
China’s Premier and Vice Premier want banks to keep veering away from speculators and instead support the real economy. Read ››
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RETAIL BANKING |
06 Feb 12
China’s deposits are slowing down which may force banks to raise more money. Read ››
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BRANCH BANKING |
06 Feb 12
A leading Philippine savings bank shuttered twice by the government in a span of 25 years is to re-open for the second time this March. Read ››
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BRANCH BANKING |
06 Feb 12
In Asia, Rothschild provides investment banking, private banking and venture capital services.
The Rothschilds have set their sights on the Philippines' growing legion of the wealthy. Read ››
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INVESTMENT BANKING |
04 Feb 12
More Swiss banks may be looking to Singapore as a favourable place for expansion. Read ››
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RETAIL BANKING |
04 Feb 12
Westpac employees are bracing for a second wave of job losses as the bank seeks to curb costs. Read ››
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LENDING & CREDIT |
03 Feb 12
JBIC will provide $180 million, while SMBC and Bank of Tokyo-Mitsubishi UFJ are funding $120 million to ICICI Bank. Read ››
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RETAIL BANKING |
03 Feb 12
A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by 2.3%. Read ››
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INVESTMENT BANKING |
02 Feb 12
Mizuho Financial Group took an 80% drop in profit during 4Q11 on a tax asset write-down and weaker stock markets. Read ››
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RETAIL BANKING |
02 Feb 12
Vietnam’s largest bank is about to shed non-essential operations as it moves towards becoming a completely commercial bank. Read ››
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WHOLESALE BANKING |
01 Feb 12
Vietnam may approve the plan to restructure Agribank this February, wherein it reverts its focus to agriculture and rural development. Read ››
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BRANCH BANKING |
01 Feb 12
Adding 50 more branches will bring the branch network of Metropolitan Bank and Trust Company (Metrobank) to over 800, the largest in the Philippines. Read ››
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WHOLESALE BANKING |
31 Jan 12
Mizuho Financial Group's net profit in the April-December 2011 period went down by 35.8 percent to US$3.6 billion. Read ››
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LENDING & CREDIT |
31 Jan 12
Compact car manufacturer Perodua has asked Bank Negara Malaysia to ease up on tight loan conditions for hire purchase of cars. Read ››
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RETAIL BANKING |
31 Jan 12
Another cash-flush Philippine bank reports sterling bottom line results for 2011. Read ››
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ISLAMIC BANKING |
30 Jan 12
Bank Muamalat's hopes to enhance the market of its various Islamic banking products and services with non-Muslin customers . Read ››
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RETAIL BANKING |
30 Jan 12
RHB Bank Singapore is confident of maintaining growth while expecting more active participation in debt issuance and funding corporate clientele. Read ››
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RETAIL BANKING |
30 Jan 12
Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with US$ 1.52 billion. Read ››
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RETAIL BANKING |
30 Jan 12
Standard Chartered is encouraged by the policy outlook for India and China this year. Read ››
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BRANCH BANKING |
30 Jan 12
East West Banking Corporation is getting ambitious to the tune of P6.63 billion. Read ››
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TRADE FINANCE |
27 Jan 12
The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision. Read ››
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FOREIGN EXCHANGE |
27 Jan 12
Money exchange services will be conducted by Myanmar banks in Singapore, Malaysia and Thailand starting February. Read ››
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INVESTMENT BANKING |
27 Jan 12
The banking giant sells off four units in just two days. Read ››
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LENDING & CREDIT |
26 Jan 12
ICBC provided personal petty loans to over 12,000 individual industrial and commercial households in the counties in 2011, totaling RMB 4.7 billion. Read ››
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CARDS & PAYMENTS |
26 Jan 12
ICBC installed 11,000 ATMs last year to push its total number to 52,000 ATMs in service by the end of last 2011. Read ››
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FOREIGN EXCHANGE |
26 Jan 12
An almost desperate need to bolster their balance sheets will ensure European banks will continue to lose leverage in Hong Kong and the rest of Asia. Read ››
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CARDS & PAYMENTS |
25 Jan 12
Increase in card loans pushed South Korea's credit card spending to KRW540 trillion or US$478.5 billion in 2011. Read ››
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CARDS & PAYMENTS |
25 Jan 12
Maybank is targeting a double digit growth in the remittance business for financial year 2012. Read ››
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BRANCH BANKING |
24 Jan 12
Rizal Commercial Banking Corporation wants to buy more Philippine banks with nearly P5 billion. Read ››
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RETAIL BANKING |
24 Jan 12
South Indian Bank reported a 36% net profit increase to Rs 102 crore in the quarter till December 2011. Read ››
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INVESTMENT BANKING |
24 Jan 12
European banks have begun lending less to Hong Kong in December, fueling fears the Eurozone contagion could be worsening. Read ››
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RETAIL BANKING |
23 Jan 12
Punjab National Bank revealed that its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12. Read ››
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TRADE FINANCE |
23 Jan 12
Kotak Mahindra Bank posted a 46.96% increase in net profit with Rs 276 crore for the quarter ended December 31, 2011. Read ››
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TRADE FINANCE |
23 Jan 12
Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above. Read ››
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RETAIL BANKING |
22 Jan 12
Bank of Ceylon will expand its Premier Banking network.
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RETAIL BANKING |
22 Jan 12
The chairman of Bank Muamalat is unaware of plans to sell his bank to finance a stake in Proton Holdings. Read ››
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